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ASX Market Update 2022-03-22

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SP/ASX 200 rose 0.9% (+62.1 pts), closed at 7341 points, a 41-day high, crossed above MA200 (7333 pts).

Among the 150 largest-cap stocks, 86 (57%) closed higher, 74 of them rose with a lower volume. 55% of all ASX stocks ended higher.

In terms of sectors, 5 sectors closed up, 7 sectors closed down, ranging from -3.3% to 3%. only 2 sectors outperformed the market. The market was up 0.5%; Basic Materials was up 3%, the best performer; Technology was down -3.3%, the worst performer.

● ATLAS ARTERIA (ALX) plunged -5.3% (-$0.37), closed at $6.6, the worst % loss in more than 1 year, crossed below MA50 ($6.64). The worst performer with a significant decrease in volume.

● BORAL (BLD) largely retreated -3.5% (-$0.12), closed at $3.33. The largest increase in volume.

● NEXGEN ENERGY (CANADA) (NXG) soared 6.4% (+$0.48), closed at $7.99, hit a YTD high. The best performer with a huge increase in volume.

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